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Search Results 0 to 24 of about 25 (some duplicates have been removed)
. >> reporter: gary wong, a san francisco native, was on his first big getaway after retirement. he says he can still hear the cries of his fishing companions. >> this guy was yelling for help, help me. oh, god. help me, help me. oh, god. the water is all the way up to his head. >> reporter: all 44 people on board thrust into pitch black ocean water forced to cling for life using whatever they could find. now all they can think about is finding their missing brother. >> we're not leaving until we find him. i mean, one way or another. >> reporter: new mexican navy and the u.s. coast guard will be back at it again today searching by boat and aircraft trying to find these missing seven men. george? >> okay, abbie, thanks. >>> the water is relatively warm and relatively calm right now. >> fingers crossed. >>> the waiting game has begun in the casey anthony trial. the jury began deliberating yesterday following two days of closing arguments that have been incredibly contentious. ashleigh banfield is in orlando with the latest this morning. good morning, ashleigh. >> reporter: good morning, elizabeth
by natural disaster and nuclear calamities a big reason to smile, "today," monday, july 18th, 2011. captions paid for by nbc-universal television >>> welcome to "today" on this monday morning. i'm ann curry. >> and i'm lester holt in for matt. i think we both watched that match yesterday. you've got to feel good about the u.s. team. we were disappointed, but what a performance they put on and what a great thing they did for american soccer. >> that's right. for women's soccer, particularly, bringing it to a new level of cool. men and boys, women and girls, nationwide, watching them play. i think that they're winners in that regard. >> and the japanese certainly have something to feel good about after a really rough year. and i love the fact they thanked the world for the support they have had. >> and they continue to thank, actually, after every game. so it's a pretty exciting bit. >>> in the meantime, another major story, the fact of this heatwave. millions of americans are sweltering in this dangerous heat and humidity today. how long will it last? how bad will it be? well, al has the fore
street is worried about washington. late wednesday moody's one of the big three credit rating agencies warning it might have to lower the rating if lawmakers don't come to an agreement on raising the debt ceiling. in the statement it said the action was prompted by the possibility that the debt limit woil not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of ashort-lived default. economists say if the aaa rating is lowered it will throw the financial markets into chaos and the cost of borrowing would go up to everything from morlts to car loans. ben bernanke warned. >> i think the worst outcome if we don't raise the limit, at some point we default on debt and that would create as i said before, a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headed into wednesday meeting which all sides describe as tense. republican majority leader eric cantor cited the president as saying i have reached my limit. he left saying i'll see you tomorrow. the two sides couldn't even agree about what happened in
, social security. things like that. things obama says would be a sacred cow for democrats. talk about big numbers. that $4 trillion was the largest number we've heard so far but that does not sit well with republicans, because they wanted absolutely no tax increases. president obama, democrats told me, simply said, look, i'll give you $4 trillion in spending cuts. give me one-third in new tax increases. something in ordinary political years i'm told by democrats, most republicans would jump on. after this has played out, over the last few days, mitch mcconnell came through with a last-ditch plan. here's what he had to offer. >> i would advocate that we pass legislation giving the president the authority, the authority, to request of us an increase in the deficit would take us past the end of his term. we would authorize him to request of us that we raise the debt ceiling for the amount that he says he needs. require him to list spending cuts he would make in the same amount as the debt ceiling request he's making of us. >> reporter: so, dylan, if you didn't quite get all that you're not a
the forecast. wall street rallied. a big bucket of cold water was poured on wall street and the economy with the lackluster jobs. >> the economy added an average of 215,000 jobs per month in the previous three months so the anticipation was there. and it showed a stand still in june. what is it about june, do we know what happen? >> it's not just june. they went back and revised downward the prior month. they thought they had 57,000 jobs in may. it turned out it was 25,000. they got rid of it -- they revised away 45,000 additional jobs. we think there have been temporary blips in the economy, the greek situation, storms all through the south you were reporting on. you've had high gas prices and a whole lot of other things have been happening and that caused the economy to come to a stand still and hiring come to a stand still in may and june. we hope that's the case. >> you want to bring up an important thing that a lot of people don't hear about. you call it the real unemployment rate, the ratio of unemployed, discouraged workers and people working part time because they can't find ful
toward a vote next week. the president says he still wants a big deal. but for the first time he's opening the door on senator mitch mcconnell's fall back plan which is gaining momentum on capitol hill. chuck todd was in the briefing room for the news conference. host of "the daily rundown" and luke russert. there was a movement from the president at least towards considering the mcconnell backup plan. what are the chances he still might get what he really wants which is a bigger deal? >> to me -- in a way put together to try to get through this. what you felt was the press conference was about was trying to frame the post game debate, if you will. you heard this from the speaker. suddenly they're back to distancing themselves from the debt ceiling. let's get to the debt ceiling part. we're running out of time on that. maybe there's still time to negotiate this grand bargain. that's sort of what i heard out of this. the president will sign anything that gets to his desk that seems to get through both houses of congress at this point. and then after that, maybe there's a conversat
a few seconds left. if they can't get that big deal they might try for a smaller one. what happens on august 2nd if there is no agreement. >> reporter: the u.s. government runs out of money. some are looking for ways to roll over some of the debt, but this is really just managing a sinking ship more than anything. on august 4th, $87 billion in debt comes due and there needs to be a new debt to take its place, george. >> jake, thanks very muchch >>> turning now to casey anthony. she'll have to wait a little bit longer before she gets out of jail. adding an additional four days and with time already served a week from sunday will now be her last day behind bars. abc's ashleigh banfield is in orlando with the latest. how did they come up with this recalculated release date? >> reporter: just different math and honestly this is such a frenzy yesterday it's assumed they did this so quickly, once orange county jail officials went back over the numbers they realized it wasn't right. it was more clerical as we understand than anything else but it means she's getting out a little later than
in may. >>> now, we turn to the other big story today. the dismal numbers out on the economy. specifically, the jobs market. our bianna golodryga is here with the shockingly not so good news. >> very disappointing news, josh. a di mall report. just 18,000 new jobs were added in june. that's the smallest gain in nine months. economists had expected anywhere from 90,000 and 150,000 jobs to have been added. and more bad news, the unemployment rate ticked up to 9.2%. unfurther from the may high of 9.1%. now, that had been written off as a one-time slowdown. a tribute to the natural disaster in japan and high oil this mornrng's report questions whether that recovery has stalled. if that's not bad enough, the revisions to may's numbers have been out, as well. >> the president will be speaking about this report a bit later today from the white house. bianna golodryga, thanks very much. >>> and hackers have exposed a security flaw in the software that runs the iphone, ipad and ipod touch devices. you're especially vulnerable when you open pdf files when hackers can view your confiden
day in the big city. i'm russ mitchell. >> i'm rebecca jarvis. from the jobs to the royals and the shuttle launch and to betty ford. >> a courageous first lady who battled addiction to pain killers and addiction to alcohol and defeating breast cancer. she died in palm springs, california, she was 93 years old. scott pelley takes a look back at her remarkable life. >> reporter: relatively unknown until her husband became president, betty ford became one of the most popular and respected women in america. born elizabeth anne bloomer april 18th, 1918, she grew up in grand rapids, michigan. she dreamed of becoming a professional dancer and after high school she moved east to study under martha graham, the high priestess of modern dance. she earned a spot in the auxiliary dance troupe but her mother pressured her to leave the troupe in 1941. she performed in her own dance troupe, married and divorced and then met a young man named gerald ford, they married in 1948, weeks before ford was elected to his first term in congress. through the 1950s and '60s, they were a traditional an
and the speaker of the house have been discussing? >> reporter: we know they're talking about a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare. most likely cost of living increases going down. and in exchange, republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on taxes. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner. but there hasn't been a lot of discussion among the wider conferences in the house and the senate democrats and republicans. and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can work with and is it something that will fly? >> reporter: a great question. boehner and the president may be able to come to a deal. but look, george. virtually every republican in congress signed a pledge not
increases on the table. if it comes together it would affect every single american. >> big news. we'll get to that. >>> right away to what's happening for casey anthony. she could go free this morning. abc's ashleigh banfield is in orlando, florida, where she's been tracking every development in the case. good morning to you, ashleigh. >> reporter: hi, elizabeth. of course, 9:00 this morning we'll find out if she stays in jail or walks free. i have news to make for you, as well. she may have a brand-new chapter of legal troubles. the state is going after her for the cost of all that investigative work and the people who searched for her are thinking of suing her for $112,000, as well. all of this while casey was served with a subpoena in jail to appear at a law office in that civil suit against her by that nanny's name who she co-opted but first we have to find out if she's even going to be out of jail. it's casey anthony's 997th day in jail, but it could be one of her last. crowds are expected to flood the protest zone set up at the courthouse. but some were lucky enough to get ticks insi
's already dead. that's a big lie. >> reporter: on wednesday, casey's parents, cindy and george left home again with nothing to say publicly. the anthony family has received death threats. while outside of the courthouse, mike estherly put a sign in her window that reads "baby killer". >> how can she be free after she killed her baby. >> reporter: most protesters are venting anger, there's always a possibility one could act out, targeting tanthony family, including casey when she's released or the 12 jurors. >> some of them will be vetted and found out and people will know who they are and they're terrified of that coming out. >> it's unclear when casey is released either today or ever if she'll earn money off of her notoriety. to that end, the state has filed a motion to tax her if she is earning any profits after this. there is a law in florida that allows the prosecution to recover the costs from the investigation and the prosecution and those costs easily exceed $1 million. >> kerry sanders, kerry, interesting point. mark lipman is george and cindy anthony's attorney. good morning to
're doing it over in the uk, there's not, that pond is not too big an expanse of water. >> let me ask you about rupert murdock, involved in a $19 billion deal, 12 billion pounds to purchase british sky news, what does it do to that transaction, which is so massive. >> it threatens that transaction deeply. if you had david cameron getting into the business of murdock saying you should accept the resignation or fire a top executive in london, rebekah brooks, you have to think this deal is threatened. >> i want to bring in eleanor goodman, long time political eleanor for channel 4 news in great britain. good morning to you. >> good morning. >> we heard the prime minister david cameron saying the "cozy relationship between the british media and politicians ends now." this is going to raise some eyebrows, this coming from a man who would hire the former editor to be his communications director, andy colson and close relationship with rebekah brooks who runs the publications department for rupert murdock. how can he say this with the relationships he's had? >> it's not just him who has had the
the big deal. $4 trillion in deficit reduction over the next 10 years. speaker john boehner says he wants to, too. but there's in path to get there. the clock is ticking. the major sticking point, whether it's a large part of tax reform, wages on top wage earners go up. it could not take the heat from his republican caucus. >> we have got to be able to deliver on this promise. >> reporter: republicans say that the problem is president obama has been unable to bring his own party around to own entitlement spending that he put on the table. tick tock. the goal is to reach an agreement in the next couple of weeks so that the law can be written and passed before the deadline of august 2nd, that's when the federal government is slated to run out of money. the immediate result, checks might be cut for social security payments, benefits. salaries for military families. . stock market could dive, perhaps as much as 9%. or roughly 8$800 billion. some of it from your retirement savings. interest rates for the u.s. government and for us would shoot up. trying to get a mortgage? what about a car loan
dollars, subsidies for gas and big oil. the tax for 2% -- >> if i may point out -- >> that's taxpayer money being spend. the definition of spending has to be broadened here otherwise the rules of engagement for compromise -- >> if i may point out something, please. >> go ahead. >> with the passage of obama care, it was the democrats and the president that took $575 billion out of that program. now we have a program that is too expensive to afford. it is an imperative that we put the spending issue, and every economist, liberal or conservative, every ratings agency says what we have to see from the congress of the united states is a plan for how to deal with this out of control federal spending. >> ten seconds from you representative grualba. >> $575 billion part of the health plan, ryan took complete credit as a deficit reduction, i find it interesting. ryan's budget, every republican in the house it's $6 trillion added to the debt. >> we do not have that problem we have a spending problem. >> we see an example of what's going on in capitol hill, we'll be talking about this later on t
Search Results 0 to 24 of about 25 (some duplicates have been removed)

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